FORMULA 1

Nyck de Vries is at the center of a legal dispute ahead of the 2023 season

Nyck de Vries dispute

Nyck de Vries will be making a full-time debut as a Formula 1 driver this year while a legal dispute has come up with the Dutchman at the center.

Before 2023 F1 season kicks off, the newcomer Nyck de Vries who joins the grid this year as a full-time driver has found himself at the center of a legal dispute.

F1 drivers usually require a lot of investments and loans from interested parties. Driving racing cars is not an easy job and requires a lot of investment to reach this level.

Nevertheless, a newspaper reports that De Vries borrowed money from real estate mogul Jeroen Schothorst. This money funded his Formula 2 racing career.

According to Schothorst, an amount of EUR 250,000 was loaned. The terms stated were 3% interest per year along with 50% earnings of De Vries once he got into Formula 1.

However, reports indicate that the loan would be waived off if de Vries failed to make it to F1 by the end of 2022. Here is where the dispute started. It can be alleged that the Dutchman made his debut last year only replacing sick Alex Albon in Monza.

His performance at the Italian GP was one of the main reasons behind his deal with AlphaTauri.

Regardless, De Vries’ lawyers claim that the Dutchman has already paid EUR 190,000 to Schothorst.

The Court of Amsterdam is set to issue a ruling on this dispute on 3 February. Meanwhile, Schothorst has already demanded a full reveal of all the contracts De Vries’ between 2018 and 2022.

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